Can I retire at age 48 with 1,370,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$113,133$112,126$111,142$110,183$109,246$106,648
2 years$56,007$54,964$53,953$52,972$52,022$49,420
3 years$36,967$35,919$34,911$33,940$33,005$30,480
4 years$27,449$26,404$25,406$24,452$23,539$21,111
5 years$21,740$20,701$19,716$18,781$17,894$15,569
6 years$17,935$16,904$15,934$15,020$14,159$11,940
7 years$15,218$14,196$13,241$12,348$11,515$9,402
8 years$13,181$12,169$11,229$10,359$9,553$7,544
9 years$11,598$10,595$9,672$8,823$8,045$6,140
10 years$10,332$9,339$8,432$7,606$6,855$5,051
11 years$9,297$8,314$7,424$6,619$5,895$4,191
12 years$8,435$7,462$6,588$5,806$5,109$3,500
13 years$7,706$6,744$5,886$5,126$4,455$2,939
14 years$7,082$6,130$5,289$4,550$3,905$2,479
15 years$6,542$5,600$4,775$4,058$3,438$2,099
16 years$6,070$5,138$4,329$3,633$3,039$1,782
17 years$5,653$4,732$3,939$3,265$2,694$1,517
18 years$5,284$4,372$3,596$2,942$2,396$1,294
19 years$4,953$4,052$3,292$2,658$2,135$1,106
20 years$4,656$3,765$3,021$2,408$1,907$947
21 years$4,388$3,507$2,779$2,185$1,707$811
22 years$4,144$3,274$2,561$1,987$1,530$696
23 years$3,922$3,062$2,365$1,809$1,373$598
24 years$3,719$2,869$2,187$1,650$1,234$514
25 years$3,532$2,692$2,026$1,507$1,111$442
26 years$3,360$2,530$1,879$1,378$1,001$380
27 years$3,201$2,381$1,745$1,261$902$327
28 years$3,053$2,244$1,622$1,156$814$282
29 years$2,916$2,117$1,509$1,060$735$243
30 years$2,789$1,999$1,406$973$664$209
31 years$2,670$1,890$1,311$893$600$180
32 years$2,558$1,788$1,223$821$543$156
33 years$2,453$1,693$1,142$755$492$134
34 years$2,355$1,605$1,067$695$445$116
35 years$2,263$1,522$997$639$403$100
36 years$2,176$1,445$933$589$365$86
37 years$2,094$1,372$873$543$331$74
38 years$2,016$1,304$818$500$300$64
39 years$1,943$1,240$766$461$272$55
40 years$1,873$1,180$718$425$247$48
41 years$1,807$1,123$673$392$224$41
42 years$1,744$1,070$632$362$203$36
43 years$1,685$1,019$593$334$184$31
44 years$1,628$972$556$309$167$27
45 years$1,574$926$522$285$152$23
46 years$1,522$884$491$263$138$20
47 years$1,473$843$461$243$125$17
48 years$1,426$805$433$225$114$15
49 years$1,381$769$407$208$103$13
50 years$1,338$734$383$192$94$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,370,000, adding $3,888 every year, while hoping to spend $22,688 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/38/7 Blend
47$1,370,000$1,370,000$1,370,000$1,370,000
48$1,513,750$1,441,140$1,419,905$1,594,366
49$1,644,013$1,487,616$1,443,332$1,695,708
50$1,786,802$1,535,609$1,466,784$1,803,139
51$1,943,371$1,585,170$1,490,236$1,919,548
52$2,115,102$1,636,349$1,513,666$2,045,793
53$2,303,514$1,689,202$1,537,045$2,182,813
54$2,510,283$1,743,784$1,560,347$2,331,645
55$2,737,255$1,800,152$1,583,542$2,493,429
56$2,986,462$1,858,367$1,606,597$2,669,418
57$3,260,143$1,918,489$1,629,481$2,860,990
58$3,560,766$1,980,583$1,652,156$3,069,665
59$3,891,046$2,044,714$1,674,586$3,297,112
60$4,253,979$2,110,950$1,696,730$3,545,170
61$4,652,861$2,179,363$1,718,547$3,815,864
62$5,091,325$2,250,025$1,739,991$4,111,421
63$5,573,375$2,323,011$1,761,015$4,434,294
64$6,103,420$2,398,399$1,781,570$4,787,183
65$6,686,319$2,476,271$1,801,603$5,173,062
66$7,327,425$2,556,709$1,821,057$5,595,204
67$8,032,635$2,639,801$1,839,876$6,057,214
68$8,808,447$2,725,635$1,857,995$6,563,063
69$9,662,022$2,814,304$1,875,351$7,117,121
70$10,601,248$2,905,904$1,891,875$7,724,203
71$11,634,816$3,000,534$1,907,493$8,389,613
72$12,772,303$3,098,296$1,922,131$9,119,189
73$14,024,263$3,199,297$1,935,706$9,919,364
74$15,402,321$3,303,647$1,948,136$10,797,224
75$16,919,291$3,411,458$1,959,332$11,760,572
76$18,589,288$3,522,849$1,969,199$12,818,005
77$20,427,868$3,637,942$1,977,640$13,978,993
78$22,452,171$3,756,862$1,984,552$15,253,966
79$24,681,084$3,879,739$1,989,825$16,654,418
80$27,135,418$4,006,710$1,993,348$18,193,006
81$29,838,105$4,137,913$1,995,000$19,883,678
82$32,814,415$4,273,494$1,994,656$21,741,798
83$36,092,193$4,413,603$1,992,184$23,784,293
84$39,702,121$4,558,394$1,987,446$26,029,812
85$43,678,010$4,708,028$1,980,299$28,498,903
86$48,057,118$4,862,672$1,970,589$31,214,200
87$52,880,499$5,022,498$1,958,159$34,200,647
88$58,193,394$5,187,684$1,942,841$37,485,721
89$64,045,655$5,358,415$1,924,461$41,099,700
90$70,492,218$5,534,884$1,902,837$45,075,944
91$77,593,618$5,717,287$1,877,776$49,451,208
92$85,416,563$5,905,831$1,849,078$54,265,992
93$94,034,564$6,100,727$1,816,533$59,564,920
94$103,528,624$6,302,198$1,779,922$65,397,161
95$113,988,008$6,510,470$1,739,013$71,816,892
96$125,511,083$6,725,781$1,693,568$78,883,811
97$138,206,244$6,948,375$1,643,334$86,663,696
98$152,192,943$7,178,507$1,588,047$95,229,029
99$167,602,809$7,416,439$1,527,432$104,659,676
100$184,580,896$7,662,446$1,461,202$115,043,643